The broader indexes rose ahead of a busy earnings week with a Federal Reserve interest rate decision also looming — and more in Monday’s stock market recap.
About one-third of the companies in the S&P 500 are set to report, making it the biggest week of earnings season so far.
Tech titans Alphabet Inc. (Nasdaq: GOOG) and Microsoft Corp. (Nasdaq: MSFT) report Tuesday along with Coca-Cola Co. (NYSE: KO) and General Motors Co. (NYSE: GM). Ford Motor Co. (NYSE: F) and Meta Platforms Inc. (Nasdaq: META) report on Wednesday, with consumers favorites Amazon.com Inc. (Nasdaq: AMZN) and Apple Inc. (Nasdaq: AAPL) on Thursday.
Earnings reports aren’t going to be the only drivers of market action this week — investors are also waiting to hear from the Federal Reserve on Wednesday. With inflation still high, the markets expect another 0.75% hike to the central bank’s benchmark interest rate.
We’ll also get reports on gross domestic product on Thursday and consumer sentiment on Friday, which will give us key information about the health of the U.S. economy.
In this morning’s stock market recap video, you’ll learn whether tech and consumer stocks are moving up… the most probable scenario for the bond market over the next few sessions… what the Federal Reserve is likely to report this week and how it will impact stocks… why I’m so focused on energy and consumer stocks right now… an update on the global economy and the biggest events to look out for… plus which sector to avoid right now.
Don’t forget to like and subscribe to our YouTube channel if you haven’t already so you can be notified as soon as we post our next video and see what other trade opportunities we’re paying close attention to!
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FIVE secret patterns have achieved a 100%* win rate on LIVE trade alerts so far!
All while the markets have been a complete train wreck!
That’s why I just went live to reveal these five secret market patterns…
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P.P.S. When it comes to trading, every second counts. And in choppy markets like these, often driven by headlines, stocks can make big moves in a flash.
That’s why I want you to get my latest trading ideas and market updates as fast as possible. So I’m rolling out an all-new option for my students to receive trade alerts with Telegram!
Telegram allows me to get trade ideas, videos and watchlists to you in a matter of seconds.
Check out this short article we put together with instructions on how to download telegram and access my private channel. Go here to get the details.
Stock Market Recap: By the Numbers
This morning’s stock market futures recap:
- Close: 31,899.29.
- Futures: 31,981.
- Change: +106.
S&P 500 (mini)
- Close: 3,961.63.
- Futures: 3,974.25.
- Change: +9.25.
- Close: 12,396.47.
- Futures: 12,436.25.
- Change: +12.75.
- Close: 1,806.88.
- Futures: 1,813.9.
- Change: +5.5.
Note: Updated as of 9:28 a.m. EDT
To kick off the week, each Monday video will outline my weekly outlook and any actionable announcements, news or catalysts I’m watching. I’ll also outline exactly which opportunities I expect to unfold in the coming five trading days, so check out this short video for more information!
Need help understanding some basics that we discuss frequently? Check out some of our educational pieces to help get yourself up to speed! Have a question or a topic you’d like us to explain in a future article? Send your thoughts to firstname.lastname@example.org!
- What Is the Dow and How Does It Work?
- A Beginner’s Guide to the Nasdaq and How to Trade It
- What Companies Make up the S&P 500 and How Can I Trade It?
- What Is the VIX? Understanding Stock Market Volatility
- A Beginner’s Guide to Stock Sector Analysis and Relative Strength
- How to Pick Winning Stocks With Simple Market Analysis Tools
Check back each morning for the Roger Scott newsletter and the most important news and numbers in the WealthPress stock market recap.
*Stated results are typical for given period. Past performance is not indicative of any future results. Trade at your own risk. From May 23, 2022, to July 12, 2022, on live trades, the average win rate is 100% and the average return is 15.3% over a three-day average hold time.